Archive for Category: News

copper

Copper set to end June with a 16-month low

The price of COMEX Copper futures is down 2.33% at 3.6925 per pound on mid-Thursday trades. Copper prices further declined on Thursday. This makes copper prices on track for the biggest quarterly percentage fall since March 2020. The potential of a recession occurring coupled with the decline in demand...

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US Dollar Index

Euro trims declines against U.S. dollar after Spanish inflation surge

EURUSD is trading down 0.10% at 1.0511 The euro steadied on Wednesday after falling to a six-day low, reacting to the release of conflicting inflation data in Germany and Spain that created a difficult backdrop for European Central Bank policymaking. The European common single currency decline in early London...

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U.S. dollar index

Dollar Index Edges Lower as Investors Gauge Fed Rate Path

U.S. Dollar Indexis trading down 0.20% at 103.68 The dollar eased back slightly from a 20-year high reached earlier this month on Monday, following disappointing U.S. economic data that may dampen expectations for aggressive Federal Reserve rate hikes. As of 02:38 AM EST (0638 GMT), the U.S. dollar index...

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Chicago Wheat futures

Wheat approaches 4-month low, providing relief to inflation

The price of Chicago Wheat futures is up 1.90% at $9.6 per bushel on mid-Friday trades. Prices of wheat has fallen to 4-month low providing some relief to galloping inflation rates. Chicago wheat futures on Friday hit their lowest in nearly four months and headed to a second consecutive...

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Dow futures

Dow Futures Rise as Investors Weigh Fed Chair Testimony

DOW JONES is trading up 0.64% at 30892.00 U.S. futures pointed higher on Friday, building on gains in Europe and Asia following a late rally on Wall Street, as investors digest two days of high-profile testimony from Federal Reserve chair Jerome Powell. As of 06:48 AM EST (1048 GMT),...

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Chicago copper futures

Copper approaching 15-month low on recession fears

The price of COMEX Copper futures is down 2.67% at $3.8385 per pound on mid-Thursday trades. The price of copper has been declining since early June. It has witnessed only two bullish sessions since then. The policy tightening approach adopted by the Western leaders to fix the inflation mess...

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U.S. Dollar Index

Dollar Down as Recession Fears Continue to Mount

NZDUSD is trading down 0.25% at 0.6270 The dollar was down on Thursday morning in Asia amid rising concerns of slowing economic growth after the U.S. Federal Reserve Chair’s hawkish testimony. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.07% to...

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